MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

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Nov 14 4:00 PM EST

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To: HairBall who wrote (330)	12/4/1998 11:05:00 AM
From: HairBall	Read Replies (1) of 99985

The trading channel for the Dow Industrials, as mentioned in the post I am responding to, has been useful in day trading "internut" stocks that are moving with the Dow. Be careful of a break in that channel, either direction! My suspicions are it will be to the down side, since my personal indicators are pointing down short-term, for now. However, the Dow could just continue trending down in that channel for a while longer. Note: My indicators to date, are end of day only! I will be converting them to include intraday over the next month or so. Regards, LG

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